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FOX News
Dec 28, 2012 3:00pm PST
pressure shifts to senate majority leader harry reid. and what he may be able to strike to get at least some republican support. >> house republicans voted pass the tax cut and automatic cut to defense and domestic program starting in the new year. so they shifted the focus for the need for majority leader harry reid and the senate democrats to do something. >> the way the senate is fon functionm right now, not even bringing the bills upper committee is frustrating to those of us in the house that are doing the work that has to be done. if senate wants to resolution, the senate has to actually pass something on this. we have done our work. senate has to respond. >> challenge is determining what passed the republican-led house and democrat-controlled senate. fiscal conservatives say a smaller stop gap measure to avoid the cliff won't work. >> if we, in fact, do not use this period of time before right now, deal with the bigger issue and entitlements, if we just continue to kick the can down the road. the market will respond in a more permanent and negative way to our inaction. >> one thi
FOX News
Dec 24, 2012 3:00pm PST
plan "b" failure, all eyes turn to senate leaders harry reid and mitch mcconnell and whether they work out something short of $4 trillion grand bargain. last-minute stop gap. attending tax cut for people making $250,000 or less. and unemployment benefits for 2 million people who will lose the benefits a week after christmas. >> it is going to be a patch. because in four days we can't solve everything. >> yet, other republicans note the president short-term fix raises some taxes, yet punt spending cuts until next year. >> i would vote for revenue, including the tax rate hike though i don't like them to get, to save the country from becoming greece. i'm not going to set aside the $1.2 trillion in cuts. >> if the president does return to washington this week, unclear whether he will come back here to hawaii for new year's with his family. joe lieberman says he expects the senate to be in session on new year's eve, working on a deal down to the wire. >> thank you, ed. markets dropped on shortened day of trading. dow fell 52. s&p 500 lost 3.5. nasdaq down 8.5. might be a blue christmas for
FOX News
Dec 25, 2012 3:00pm PST
in from harry reid, or the president. it turned out he couldn't deliver first. it's up to the president now. the president has the come back. put his proposal on the table. i assume the senate controlled by the democrats could pass it. then the house republicans, fair to say to speaker boehner and house republicans you will let us go over the cliff or swallow and accept something you don't like much. i think the ball is in the president's court. >> doug: juan, others are saying that the ball is in the senate hands right now. >> the scenario most likely is speaker boehner abandoned by the troops. no investment of confidence in him or his negotiating skillnous you look at president obama and the senate. republicans in the senate who are open to some kind of deal with president obama and the democrats in the senate. if you have ten-plus republicans, willing to sign on to some kind of deal, that puts pressure on the house. it might create an opening for speaker boehner. although it might endanger his re-election to the speakership on january 3. >> doug: the 21st of this month, the
FOX News
Dec 27, 2012 3:00pm PST
people using warn-out talking points and a lot of misinformation. harry reid is still blaming grover norquist. send him a memo that norquist took himself out of the discussion a week ago when he backed the house republican plan "b." it's like the old stale talking points. for me, the big picture if you take a step back from this, the big picture story here is one of misplaced outrage. media folks with the commentators on all sides complaining there is a lack of compromise. we need comedy in washington. everybody should come together as starbucks barristas want. the real outrage is what started as an effort to trim the size and scope of government, the push tax cuts a decade ago or whether it was the debate over the debt ceiling, just over a year ago, is going to likely end up at asen effort to expand the size and scope of government. that is something that can only happen in washington. you have people that come together to limit government and bunch of contortions and missed opportunities and bad negotiating, it becomes a de facto expansion of government. >> charles? >> well, you kn
FOX News
Dec 31, 2012 3:00pm PST
joe biden who worked the phones after talks between mcconnell and harry reid stalled. >> discussions continue today on plan to affect the middle class families from the tax increase tomorrow. there are a number of issues in which the two sides are still apart. negotiations are continuing as i speak. >> the agreement would set the threshold for extending the bush tax cuts at $400,000 for individuals and $450,000 for families. i would set the tax rate for upper income people at 39.6%. the rate under president clinton. the states would be taxed at 40% above $5 million for individuals and $10 million for a married couple. unemployment benefits would be extented a year, as with the medicare doc fix. it would permanently fix the a terptive minimum tax. a big concern for many republicans are there are no new spending cuts. >> history has a way to repeat itself. >> somehow washington never gets the message. >> here we are, 30 years later on the brink of another crisis on new year's eve, still addicted to spending money. >> last friday, speaker boehner told the senate colleagues to find bipar
FOX News
Jan 1, 2013 3:00pm PST
reid adjourned the senate until noon tomorrow. what are the republicans saying about the possibility of amending the bill and what it means for the future of it if they choose to come out of the meeting and put the spending cuts in the bill. what are they saying about what it means? >> david dryer head of the house rules committee expressed concern about time being a factor. he expressed concern it could kill the bill and you'd have to start over with a new bill in the 113th congress that starts in less than 48 hours so there is concern about that. others are saying we were elected to cut spending in washington. we need to do this. the clock is running. waiting to see what they will do. >> bret: we'll watch it and head back to breaking news with you. what a difference a day makes? not even a day. they were on their way to pass the legislation to avert the pain of self-imposed fiscal cliff and the trappings for the time being. tonight a different picture entirely. ed henry joins us live. what is the mood at the white house? >> they are watching and raising like the rest of
Search Results 0 to 5 of about 6